Several key developments have occurred within the Public Service Enterprise Group Incorporated (PEG). EVP & General Counsel Tamara Louise Linde has sold 19,127 units of PEG stock, reducing her direct ownership by 22%. Despite this, the company's stock has consistently outperformed its competitors, and its yield surpassed the 3% mark. Institutions such as the Czech National Bank, Diversified Trust Co, and Swedbank AB have significantly increased their stakes in PEG; however, PGGM Investments sold 6,690 shares.
Notably, PEG's Q1 2024 Earnings Call Transcript as well as Q4 2023, and Q2 2024, were shared publicly. Despite a slight earnings miss in Q2 2024, PEG's Q2 revenues have increased YoY. The company remains a top-ranked growth stock, with its net income in 2023 exceeding expectations and PEG's shares achieving a new 52-week high of $78.11.
There has been a notable institutional interest in PEG's performance as demonstrated by acquisitions of their shares by several institutional investors such as NorthCrest Asset Manangement LLC, and SG Americas Securities LLC. Reports suggest a potential 23% undervaluation of PEG's stock, underscoring a potential opportunity for investors.
PSEG also announced its first and second quarter 2024 results, revealing a regular quarterly dividend for the respective periods. Despite this positive performance, some investors like Lazard Asset Management and PGGM Investments have reduced their holdings.
Public Service Enterprise Group Incorporated PEG News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 08:39:37 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor -2
